The pricing strategy that calls for a new product being priced high to make optimum profit while there is little competition is called as Skimming price strategy
Skimming Pricing, also known as price skimming, is a pricing strategy that sets the price of new products higher and lowers them when competitors enter the market. Skimming prices are the opposite of penetration prices, which set lower prices for newly launched products in order to build a large customer base from the beginning.
Skimming pricing strategy refers to setting relatively high initial prices for new products or services for early adopters who are not price sensitive when there is a strong relationship between price and perceived quality. .. Prices can go down over time.
An example of a skimming strategy can be found primarily when major technology companies such as Apple, Samsung, and Sony are developing new technologies that are known to be in high demand.
Learn more about Skimming prices here:brainly.com/question/20927491
#SPJ1
Explanation:
Vodacom, it's one of the most popular everywhere
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Health Resources expects to sell:
480 units of Product A
440 units of Product B
Selling price:
Product A= $19
Product B= $32
Cost:
Product A is 40% of its selling price= $7.6
Product B is 62% of its selling price= $19.84
Sales:
Product A= 480*7 days* 19= $63,840
Product B= 440*7*32= $98,560
I am sorry but I need the points. And good luck with school, I hate school
Answer:
$14,000
$10,000
Elastic
Explanation:
Given:
Amount = $200,000
Interest rate (R1) = 5% = 5/100 = 0.05
Interest rate (R2) = 7% = 7/100 = 0.07
Computation:
New Interest amount pay = Amount × Interest rate (R2)
= $200,000 × 0.07
= $14,000
Old Interest amount pay = Amount × Interest rate (R1)
= $200,000 × 0.05
= $10,000
Interest rate is elastic so ,Price of ticket is also elastic
